State Street’s Blockchain Lead Departs to Build Data Privacy Startup

Moiz Kohari, State Street’s global chief technology architect, has traded his position at the custodian bank for a move into the startup world, he told CoinDesk. Kohari helped kickstart the bank’s wide-ranging technology transformation program structured on a bedrock of distributed ledger technology (DLT) from the point he joined State Street in September 2016. Prior to that, he spent five years as head of technology innovation for London Stock Exchange Group. While Kohari and the co-founders of his new project are officially in stealth mode, he said that at a…

South American Startup Ripio Rolls Out Crypto-Fiat Exchange and OTC Desk

Latin America-based cryptocurrency startup Ripio has launched a trading platform, including an over the counter (OTC) desk, according to a press release shared with Cointelegraph on May 16. Ripio’s newly launched platform will enable its customers in Brazil, Argentina, and Mexico to trade cryptocurrency to fiat, use digital banking services, and request blockchain-based loans. The product also includes an OTC desk for institutional investors. Commenting on the product roll out, Ripio’s founder and CEO Sebastian Serrano said that “cryptocurrency, and our new platform in particular, offers brand-new investment horizons for…

Coinbase-Backed Stablecoin Startup Reserve to Launch ‘Venmo Style App’ in Venezuela

Stablecoin project Reserve announced that it will launch a crypto-fiat payments app in Venezuela and Angola in a press release shared with Cointelegraph on May 12. In the same announcement, the firm revealed that it is listing its separate utility token, Reserve Rights (RSR), on major exchange Huobi Global’s token sale platform, Houbi Prime. Per the press release, the project’s stablecoin app — to be launched for Android users via Google Play “in the coming weeks” — will enable people and businesses to switch back and forth from their local…

Swiss Post Partners With Blockchain Startup on Temperature Monitoring Shipments Solution

Switzerland’s national postal service Swiss Post has cooperated with blockchain firm Modum to further develop a temperature monitoring solution for shipments. The news was reported by Swiss logistics news site Die Post on May 7. Die Post reports that Swiss Post has cooperated with Modum, a blockchain and Internet of Things (IoT) technology firm, as a technology partner to launch a smart service. Dubbed ThermoCare, the service is for monitoring the temperature of packages, enabling sensitive goods to be tracked, analyzed and recorded over the full course of their travel…

US FTC Sues Startup for Allegedly Misusing Raised Funds on Bitcoins and Credit Card Bills

The United States Federal Trade Commission (FTC) is suing a startup for spending its raised funds on bitcoins (BTC) and credit card bills, rather than the stated products, the court filing revealed on May 6. The FTC brought a lawsuit before the U.S. District Court for the Southern District of Texas alleging that the startup dubbed iBackPack and its officer and authorized signatory Douglas Monahan misused a “large share” of $800,000 raised during four crowdfunding campaigns from consumers. Specifically, the defendants allegedly did not use the funds for development, production…

Credit Agricole-Backed Blockchain Settlement Startup Setl Returns After Insolvency Filing

Credit Agricole-backed blockchain-based settlement startup Setl has emerged from administration, financial news outlet Finextra reports on May 3. Per the report, the United Kingdom-based startup has returned following its insolvency filing after its management bought the operating assets, the staff and the intellectual property rights of the company. As Cointelegraph previously reported, Setl filed for insolvency on March 7 with U.K. authorities. Per the March announcement, the company also appointed business advisory firm Quantuma as their independent administrator. The announcement also pointed out that the company was “seeking to place…

Crypto Wallet Startup Ledger Detects Phishing Malware Targeting Desktop App

Hardware cryptocurrency wallet manufacturer Ledger has detected malware targeting its desktop application, according to a tweet on April 25. Ledger warned its users that the malware locally replaces the Ledger Live desktop app with a malicious one, and advised to follow security practices published on its blog. The company’s Twitter announcement specifically reads: “WARNING: we’ve detected a malware that locally replaces the Ledger Live desktop application by a malicious one. Users of infected computers are asked to enter their 24-word recovery phrase after a fake update.” In the comments to…

Samsung Invests $2.9 Million Into Crypto Wallet Startup Ledger

Hardware cryptocurrency wallet manufacturer Ledger has secured 2.6 million euro ($2.9 million) from electronics giant Samsung, a company spokesperson told Cointelegraph on April 24. While the Ledger spokesperson confirmed the investment, no further details beyond the initial investment amount were provided. The news follows the appointment of Pascal Gauthier, the firm’s former president, as its new CEO. Former CEO Eric Larchevêque will now serve as Executive Chairman of the Ledger’s Board. He said in a letter that “in this role I will be able to properly focus on strategy and…

Samsung Invests $2.9 Million in Crypto Hardware Startup Ledger

South Korean technology giant Samsung has invested 2.6 million euros ($2.9 million) into crypto hardware startup Ledger. The investment gives the startup a valuation of roughly $290 million, French business magazine Capital reported Wednesday. A spokesperson for Ledger confirmed that Samsung backed the startup, but could not confirm further details. A Samsung representative did not respond to a request for comment by press time. The news, coinciding with Ledger promoting Pascal Gauthier to CEO, follows previous funding rounds by the company, including a $7 million Series A fund raise in 2017 and…

Crypto Startup Launches Lightning-Powered BTC Payments Functionality for E-Commerce Sites

Crypto payments processing startup Moon is launching a web browser extension that allows e-commerce shoppers to use their Lightning Network (LN) bitcoin (BTC) wallets for purchases on sites like Amazon. The news was reported by Moon’s official Twitter on April 22. While Moon’s regular Chrome browser extension is already available on the Chrome web store, the startup tweeted to note that the lightning feature update is still under review, and is expected to launch imminently. As previously reported, the bitcoin Lightning Network is a second-layer solution to bitcoin’s scalability limitations,…